[The audio cuts off at the very end, the last two paragraphs can be found here.]
Lecture by Hans-Hermann Hoppe presented at the Ludwig von Mises Institute's "Reassessing the Presidency" seminar. This lecture series discuses the much neglected reality that the executive department of the U.S. government has always been the sum total of the American welfare-warfare state. Seminar held at the Mises Institute, Auburn, Alabama, October 16-17, 1998. http://mises.org

Hans-Hermann Hoppe is an Austrian school economist of the anarcho-capitalist tradition, a senior fellow of the Ludwig von Mises Institute and a former economics professor at the University of Nevada, Las Vegas. He is the author of Democracy: The God That Failed; The Economics and Ethics of Private Property, and A Theory of Socialism and Capitalism, and is the editor of The Myth of National Defense.